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This property looks like a bad Long-Term investment with a projected -2.07% first-year return on $60,900 initial cash invested.
-2.07%
Cash On Cash
6.24%
Cap Rate
1.01
DSCR
$2,545
Rent
-$105
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,545 income − $2,650 expenses = $105 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,545
Total Expenses
$2,650
Mortgage P&I
58%
$1,485
Property Taxes
16%
$402
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0